Do you know what the worst blackjack payout is?
It is not the infamous 6-5 payout that everyone has heard of, which might surprise you. No, the worst blackjack payout is actual a lot more common than the 6-5 payout. It is also more abundant than the 6-5 payout because it is found in blackjack variations, which are found in brick and mortar casinos as well as in online blackjack games.
So what is the worst blackjack payout? It is an even money payout, also known as a 1-1 payout.
The reason for this goes hand in hand with you receiving less money and your blackjack odds. On the surface just being paid less money for a natural blackjack is bad enough. After all it is the highest hand in the game and an instant win. It just feels like such a letdown to be dealt a natural blackjack and then only get a tiny payout.
But the amount of your payout is only part of why an even money payout is so bad for you. The other reason is that it hurts your blackjack odds. And more than a little.
Just playing in a game of blackjack with an even money payout will reduce your blackjack odds by 2.27%.
The reason for such a big hit to your odds is because of how much drastically smaller your winning payout is. Your blackjack odds are based on your opportunity for making money off of the game. When the opportunities, such as rules and payouts, are in your favor to make more money, your blackjack odds go up.
But when the opportunities favor the dealer then your blackjack odds go down because you have fewer chances to make money. And this is the case with an even money payout. It hurts your blackjack odds so much because it reduces the amount of money you are have a chance to make.
With your blackjack odds and your bankroll being hit so hard it makes an even money payout the worst payout in blackjack.